Castle Law Office Blog | Missouri & Illinois Bankruptcy Legal Blog

Bankruptcy And The Public Record

One common concern that those who file for bankruptcy voice is that everyone will know that they petitioned for bankruptcy. However, although the list of people and companies who file for bankruptcy is on the public record, the chances are small that anyone will find out unless you tell them.

While companies and celebrities often make the papers for their financial mistakes, debts, and bankruptcies, a regular person will not make the papers. If someone wanted to find out whether or not you have declared bankruptcy, they could find out in theory, but in our experiences almost no one wants to do the footwork or even thinks to check.

In the end, the most likely way that someone will know if you've declared bankruptcy is if you tell them yourself - or if you tell someone who might spread gossip. If you keep your filing to yourself, however, you will probably not be the talk of the town.